Change - Announcement of Cessation::Cessation of Appointment of Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
FRASERS HOSPITALITY ASSET MANAGEMENT PTE. LTD.
Securities
FRASERS HOSPITALITY TRUST - SG1AA5000001 - ACV
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Jun-2023 23:02:04
Status
New
Announcement Sub Title
Cessation of Appointment of Non-Executive and Independent Director
Announcement Reference
SG230605OTHR9T2A
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Liew Choon Wei as a Non-Executive and Independent Director, and member of the Audit, Risk and Compliance Committee ("ARCC") and the Nominating and Remuneration Committee ("NRC") of each of Frasers Hospitality Asset Management Pte. Ltd. ("FHAM"), the manager of Frasers Hospitality Real Estate Investment Trust, and Frasers Hospitality Trust Management Pte. Ltd. ("FHTM"), the trustee-manager of Frasers Hospitality Business Trust.

Additional Details

Name Of Person
Liew Choon Wei
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
06/06/2023
Detailed Reason (s) for cessation
Mr Liew has served as a Non-Executive and Independent Director of each of FHAM and FHTM since 10 June 2014 and would have served on the Board of each of FHAM and FHTM for nine years on 9 June 2023. He is retiring from the Board of each of FHAM and FHTM as part of Board renewal. The Board of each of FHAM and FHTM expresses its appreciation to Mr Liew for his dedication and invaluable contribution during his tenure of service.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
10/06/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director, member of the ARCC and member of the NRC
Role and responsibilities
As above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Director, Halcyon Agri Corporation Ltd
Present
1. Director, F J Benjamin Holdings Ltd
2. Director, The Hour Glass Limited